Personal Injury Trusts - Protecting compensation following an accident
The compensation you receive following a personal injury claim can have an effect on the rest of your life. You want to make sure the outcome is a positive one.
Wrigleys are a specialist firm of solicitors focused on helping clients through the difficult and confusing issues following a personal injury claim. We’ll make sure the compensation you receive is protected by a dedicated and focused team of professionals.
We will establish a Personal Injury Trust using the award from your personal injury claim. The value of the trust is ignored for the assessment of eligibility to most means-tested benefits and/or local authority support.
Further details are availble on this website for:
What are the main advantages of a Personal Injury Trust ?
These are listed below.
- Protecting your means-tested benefits
It is possible for you to have your cake and eat it, that is receive any payment in consequence of personal injury and retain your means-tested benefits entitlements indefinitely. This is perfectly legal and acceptable to both the Department for Work and Pensions (DWP) and Local Authorities.
- Protecting your compensation from the high cost of long-term care fees
Local Authority care fees are means-tested. Even if you do not get means-tested benefits now this can be of great value to you and your loved ones to preserve the right to have your care fees paid if your circumstances change in the future.
- Reducing the cost of care at home
Your compensation monies should be disregarded if placed into a Compensation Protection Trust (Personal Injury Trust, Special Needs Trust or Disabled Trust) under the Government’s “Fairer Charges Guidance” and this may help with the cost of care at home.
- Protecting the payment for you, the beneficiary of the trust and your family
Even if some day you cannot look after your personal injury monies yourself, you can rest assured your compensation will be looked after properly for you and your loved ones.
- Gaining extra peace of mind with less hassle
We can help administer the amount received by you if you wish. If you need help with making investments, budgeting, filling in a tax return and continuing to claim benefits, we can help you.
- Gaining extra personal security
If there are any worries about third parties putting pressure on you because they know you have received some money, we can help resist that.